S&P Global Ratings assigned its 'AA+ (sf)' rating to Freddie Mac 's anticipated $255.719 million 2026 series M-074 class A-US multifamily structured pass-through certificates (SPCs) social bonds. The outlook is stable. NEW YORK (S&P Global Ratings) April 23, 2026--S&P Global Ratings today took the rating actions listed above. We have analyzed the transaction's environmental, social, and governance factors relative to its legal framework, operational risk framework, cash flow, and enhancement; we view them all as neutral in our credit rating analysis. The stable outlook primarily reflects our view of Freddie Mac's guarantee on the SPCs and the transaction's legal and operational risk framework. The outlook on Freddie Mac is commensurate with that on the U.S. sovereign rating. We could lower